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Tag - dong

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lundi 15 février 2016

Vietnam dong may slide 5 percent against US dollar

The dong will fall around 4-5 percent against the US dollar this year as the Federal Reserve is expected to rate interest rates further and push up the greenback, the Vietnam News Agency reported on Monday, citing new forecasts.

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mercredi 2 décembre 2015

Vietnam dong falls toward trading limit as importers buy dollars

Vietnam’s dong fell toward the weak end of its trading band as seasonal dollar purchases by importers to pay year-end bills coincide with rising global demand for the greenback.

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mercredi 19 août 2015

Vietnam devalues dong for third time in 2015 on yuan fallout

Vietnam devalued the dong for the third time this year and widened the currency’s trading band, the latest sign of stress in Asian exchange rates after China depreciated the yuan last week.

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Inquiet, le Vietnam dévalue à son tour sa monnaie

Hanoï a dévalué sa monnaie de 1 %, mercredi, afin de stimuler ses exportations menacées par la dévaluation chinoise de la semaine dernière.

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vendredi 14 août 2015

Vietnam seen devaluing further after busting limit of 2% decline

Vietnam’s central bank looks set to devalue the dong again after busting through its goal of limiting depreciation to 2 percent this year as China’s yuan weakened.

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mercredi 12 août 2015

Vietnam widens dong’s trading band after China devalues yuan

Vietnam widened the dong’s trading band on Wednesday to allow the currency to weaken after China, its biggest trade partner, devalued the yuan.

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jeudi 15 janvier 2015

Dong depreciation increases Vietnam’s foreign debt

The latest decision by the State Bank of Vietnam (SBV) will put pressure on Vietnam’s foreign debt payments in 2015, analysts have said.

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jeudi 8 janvier 2015

Vietnam devalues dong as U.S. dollar rises

HANOI—Vietnam’s central bank Wednesday devalued the dong against the U.S. dollar by 1%, a move that may help make the Southeast Asian country’s exports more competitive with regional peers as the dollar strengthens.

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mercredi 7 janvier 2015

Vietnam weakens dong reference rate to boost nation’s exports

The State Bank of Vietnam devalued the dong by weakening its reference rate for the second time since June, seeking to spur exports and sustain growth.

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mercredi 30 juillet 2014

Bitcoin turns digital gold as faith in Vietnam dong ebbs

Bui Huy Kien is ignoring the Vietnamese government’s warnings and accepting payment in bitcoin for advertisements on his website.

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jeudi 19 juin 2014

Vietnam devalues dong first time in a year to boost exports

Vietnam’s central bank devalued the dong for the first time in a year to help spur exports and vowed to ensure the stability of the currency as tension rises over a Chinese oil rig in disputed waters.

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vendredi 28 juin 2013

Vietnam devalues dong for first time since december 2011

Vietnam’s central bank devalued its currency for the first time since 2011 and cut the interest-rate cap on dollar deposits to help “improve” the balance of payments and boost foreign-exchange reserves.

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vendredi 16 novembre 2012

Who receives highest pay in Vietnam ?

Hundreds of millions of dong are paid to the CEOs who work in the “hot business fields” such as finance and banking, power and oil and gas.

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mercredi 22 février 2012

Vietnamese currency more stable in 2012

Vietnamese currency will be relatively more stable in 2012, the Hongkong and Shanghai Banking Corporation (HSBC) said in its report on the 2012 outlook on Vietnam's economy, which was announced on February 20.

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samedi 11 février 2012

Dong firms against US dollar after Tet

The dong has strengthened against the US dollar on both the official and black markets since the Tet (lunar new year) holidays.

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lundi 9 janvier 2012

Vietnam dong could weaken by up to 6 pct this year

Vietnam's currency, the dong , could lose 5-6 percent of its value against the dollar this year, a government advisory agency predicted on Monday.

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lundi 31 octobre 2011

Vietnam economic reforme faces crisis of confidence

As Vietnam battles galloping inflation and a plummeting currency, a new challenge has emerged -- a general collapse of confidence in the state's ability to heal the ailing economy.

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dimanche 30 octobre 2011

Vietnam : le modèle économique en pleine crise de confiance

Le Vietnam lutte pour reprendre le contrôle d'une inflation galopante et d'une monnaie en chute libre, mais au-delà de ces grands déséquilibres, le pouvoir combat un ennemi plus sournois: la perte de confiance des acteurs économiques.

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lundi 24 octobre 2011

Vietnam’s Dong has worst week since august as fixing weakened

Vietnam’s dong had its worst week in two months as the central bank set the currency’s fixing lower in an attempt to narrow the gap between the official and unofficial exchange rates. Government bonds fell.

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jeudi 20 octobre 2011

Dollar rises to nearly 21,000 dong

With the State Bank of Vietnam today increasing the interbank dollar exchange rate for the eighth time this month, the ceiling price at banks rose to VND20,930.

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jeudi 8 septembre 2011

Vietnam taps reserves but Dong still likely to slide

The dong looks stuck for now with the unappealing title of Asia's worst performing currency, despite moves by the central bank to dip into foreign reserves to bolster it.

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lundi 5 septembre 2011

S&P downgrades Vietnam on revised methodology

The international credit rating agency Standard & Poor's has announced its downgrade of Vietnam's local currency long-term rating from BB- to BB as it has recently revised the methodology and assumptions for rating sovereign governments.

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lundi 15 août 2011

Vietnam will aim to keep currency stable

Vietnam's central bank wants to keep fluctuations in the dong to a minimum for the rest of this year, seeing its present value against the dollar as realistic, a local newspaper reported on Thursday.

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mardi 9 août 2011

Vietnam has fewer counterfeit banknote cases

The counterfeit money detected in the bank systems and state treasury in the first half of this year has seen a decline over the previous years, newswire VnExpress reported.

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jeudi 4 août 2011

Dollar lending upsurge poses huge balance risks

Banks are facing huge foreign exchange balance risks as lending in the US dollar has been soaring while deposits in the greenback are dwindling, according to statistics from the central bank.

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samedi 25 juin 2011

Dong falls after Credit Suisse sees further weakening

Vietnam's dong fell by the most in three weeks after Credit Suisse Group AG said the currency's recent stability will likely be temporary and it will resume weakening by end of the year. government bonds dropped.

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vendredi 24 juin 2011

Vietnam tells state firms to sell dollars to help prop currency

State-owned firms in communist Vietnam have been ordered to sell US dollars to commercial banks, official media said Thursday, to address a rising trade deficit and stabilise a weak currency.

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lundi 21 février 2011

Vietnam devaluation negative for banks

Vietnam's large currency devaluation this month will likely weaken asset quality at the country's banks, while exacerbating liquidity management problems, Moody's Investors Service said on Monday.

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dimanche 20 février 2011

Vietnam’s dong falls on speculation companies buying dollars

Vietnam's dong fell on speculation local companies were stepping up their buying of dollars to pay for imports. The government's benchmark bonds declined.

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mardi 15 février 2011

MF welcomes Vietnam devaluation, calls for more steps

The International Monetary Fund welcomed changes to Vietnam's currency regime and devaluation on Friday, but said the authorities needed a "broader set of policies" to restore macroeconomic stability.

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